A contractor will offer homeowners a deal on a large home improvement project, corresponding to a new roof, and suggest financing with a lender they know. When the householders signal the papers, there could be clean spots or sections they didn’t read thoroughly. Then, the homeowners discover out a line of equity has been taken out on their home and the contractor is nowhere to be found. If you’re excited about obtaining a HELOC, you’ll apply to faucet into your home’s fairness. Should you be approved, you’ll then be given a draw period inside which to drag out the money …